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Sara is correct to highlight the importance of Forbes Marketplace, an affiliate link biz Forbes doesn’t own but contributes a significant amount of the company’s value. Fun rabbit hole here: https://t.co/4kqxCZyIL4 https://t.co/evuZhdUDpu
Sources: Koch's PE arm is in talks with a media entrepreneur to partner on a bid for Forbes valuing the company at ~10% less than its $630M 2021 SPAC valuation (@sarafischer / Axios) https://t.co/HJbz3vNJHF https://t.co/D8OmFRor17
Koch's PE arm is in talks with serial entrepreneur Divyank Turakhia on a bid to buy Forbes https://t.co/jwvMRAL5wW via @sarafischer
Koch Industries' private equity arm is in ongoing talks to purchase Forbes in partnership with another individual investor, sources tell Axios. The bid would value Forbes at approximately 10% less than its $630 million SPAC valuation from 2021. The private equity arm of Koch has previously invested in the Meredith/Time deal. The potential partner in the bid is serial entrepreneur Divyank Turakhia, a media entrepreneur. Forbes Marketplace, an affiliate link business that contributes significantly to Forbes' value, is also highlighted as an important aspect of the deal.